😂 I was a bit late to realize that Binance had received investment from MGX while scrolling through the news. Many friends dug up some information about MGX. I would like to add that MGX was co founded by Abu Dhabi sovereign fund Mubadala and G42, with funding mainly provided by the UAE government and some global partners, with a focus on Mubadala. I don't know if my friends still remember this sovereign fund. Yes, this is the first national sovereign fund to announce indirect investment in holding Bitcoin. The data for the fourth quarter of 2024 holds IBIT worth $436 million. And why IBIT? Could it be because MGX has also partnered with BlackRock and Microsoft to establish a $30 billion AI and data center fund, while IBIT itself is BlackRock's Bitcoin spot ETF, and this is not over yet. It's a bit tricky whether the $2 billion investment in Binance comes from MGX's own funds or from the AI and data center fund jointly established with BlackRock and Microsoft, as neither Binance nor MGX has disclosed. Of course, no one else may know except for the parties involved, but this combination is very interesting. I have always believed that the market will not have groundless rumors. At the end of last year, there was news that Binance would be invested in or sold, which caused a stir at the time. Later, the official came forward and expressed a willingness to "negotiate" a strong alliance. Now it seems to be half true, but it did mention first tier US funds such as BlackRock and Fidelity at that time. But no matter what, this is an important progress for Binance. Even if there is no shadow of American investors now, there may not be no opportunity in the future under the guidance of MGX, and this strategic cooperation will inevitably benefit both parties. This tweet is sponsored by @ ApeXProtocolCN | Dex With Apex